Grupo Azvi closed 2025 by consolidating its growth and financial resilience, exceeding €1 billion in revenue for the third consecutive year and achieving an EBITDA of €72 million. These results reflect the strength of the Group’s business model and are being released alongside the publication of its 2025 Annual Report.
The results reflect a business model built on railway specialisation, geographical diversification and the integration of engineering, construction, transport, maintenance and infrastructure operation capabilities, enabling the Group to maintain a sustained growth trajectory across strategic markets.
One of the most significant milestones of the year was recorded in the construction division. Azvi reached a record €1.3 billion in new contract awards, increasing its order book to nearly €2 billion, driven by strategic projects in Spain, Mexico and Chile.
Among the most notable awards was the contract to design and build the 136 km railway section between Arroyo El Sauz and Nuevo Laredo, in Mexico, valued at €516 million, as part of the Saltillo–Nuevo Laredo corridor. In Sweden, the company was also awarded the Uppsala Tramway project under a collaborative contract model, valued at more than €450 million.
These contracts reinforce Grupo Azvi’s position as one of the leading international players in the railway sector, an activity that has been central to the company’s history and development since its origins.
In the concessions division, Cointer closed the year with an order book of €4.681 billion. During 2025, the company also took a strategic step in Chile, being awarded two urban road concession projects in the Biobío Region for the construction, maintenance and operation of public transport corridors over a 20-year period, with investments exceeding €172 million each.
The Group’s other business areas — Industrial Works, Railway Transport, Railway Maintenance, and Urban and Environmental Services — also recorded strong operational and financial growth during the year, reinforcing the company’s diversification and its ability to generate value across different markets.
The Annual Report also highlights progress in innovation, digital transformation and sustainability. In this area, Grupo Azvi has developed its Fourth GHG Emissions Reduction Plan 2026–2030, aligned with the Paris Agreement and the corporate objective of achieving climate neutrality by 2050.
Manuel Contreras Caro, Chairman of Grupo Azvi, stated: “With over 150 years of experience, we have not come this far by chance. Our robust business model focused on a high-value railway specialisation, combining engineering, construction and operation of assets within a sustainable framework and a well-balanced diversification across geographies and business lines, has consistently demonstrated our ability to adapt and our resilience in the face of complex macroeconomic conditions such as those we face today.”
The company’s Chairman above all emphasizes the role of people as the main driver of the company’s growth, stating that: “It is our people who are the source of our strength, the driving force behind our present and the guarantee of our future; they turn every challenge into an achievement and deserve my deepest appreciation and gratitude.”
